TELLOR $TRB going to pop?

13 Okt 2023

TELLOR has been quiet for a couple of weeks after the massive pump it experienced. It has retraced down to $41 and been in a redistribution phase since and has levelled out somewhat. The structure still has bullish momentum being above the aug '22 high around $46, which was resistance. If it continues to hold this level and flips it into support, a further push can be expected. The heavy sell liquidity zone is between $64 and $80 (nov '21 high), therefore the market will likely push TRB up to either make a double top or a new high, potentially followed by a massive crash towards the lower sup zone around $30. If price manages to reach $80 and break above it'll be either wicked up and sold off hard, although that will likely happen before overcoming $80, so say it does get above the main resistance zone, then a parabolic move towards ATH at $165 is not far fetched, which would likely result in an aggressive 60-70% dump back to the new found support around $46. It may sound improbable but TRB only has a 125M marketcap making it prone to insane, almost irrational, value increases. The bearish outlook would be confirmed by break of bullish structure and price breaking below $41, this would send TRB into heavy demand zone around $24-$33. Potentially making a bottom there and/or moving sideways. I do not think a visit of $12-$13 is likely, at least in the short term. Marketcap would sink back to 25M-30M, which is less than average daily volume traded in past 60 days. Considering all in all, TRB is going to provide ample opportunities in the short and medium term! Let's get it ;)


Most important level to break for bulls: $56
Most important level to break for bears: $41 - $43

TP bulls: $64 -> $80 -> $164 ((extended(ATH)
TP bears: $33 -> $24 -> 12.9



TRBUSDT TRBUSDT.P TRBUSDT.P TRBUSDT.P TRBUSDT

13 Okt 2023

Catatan

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13 Okt 2023

Catatan

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